Sec. 76.982  Continuation of rate agreements.

    During the term of an agreement executed before July 1, 1990, by a 
franchising authority and a cable operator providing for the regulation 
of basic cable service rates, where there was not effective competition 
under Commission rules in effect on that date, the franchising authority 
may regulate basic cable rates without following section 623 of the 1992 
Cable Act or Secs. 76.910 through 76.942. A franchising authority 
regulating basic cable rates pursuant to such a rate agreement is not 
required to file for certification during the remaining term of the 
agreement but shall notify the Commission of its intent to continue 
regulating basic cable rates.